Standard Bank Group
Standard Bank Group Limited is a major South African banking and financial services provider with its corporate headquarters at Standard Bank Center on Simmonds Street in Johannesburg. It is also Africa's largest lender by assets.
The Standard Bank was established in 1862 and operates as a branch of the Standard Bank of England in South Africa under the name Standard Bank of South Africa. The bank began its official operations in 1863 in Port Elizabeth, South Africa. Immediately after opening, Standard Bank has continuously conducted mergers with a number of other banks including Colesberg Bank, Port Elizabeth Commercial Bank, UK Kaffrarian Bank, and Fauresmith Bank. February 2014 marked the banking group's entry into the French-speaking West Africa region when Standard Bank Group established a representative office in Abidjan, Ivory Coast. Since that time, Ivory Coast has become Standard Bank's 19th branch in Africa.
A joint stock corporation, Standard Bank Group Ltd. engages in the provision of banking and financial services. The business offers consultancy, transaction banking, savings, borrowing, lending, investments, insurance, risk management, and wealth management services. It operates through business units including Corporate and Investment Banking, Banking Activities, Personal and Business Banking, Central and Other, Liberty, and Other Banking Interests.
The Corporate and Investment Banking business segment provides corporate and investment banking services to governments, quasi-government organizations, significant corporations, financial institutions, and foreign partners. Besides, small and medium-sized organizations as well as private clients can obtain banking and other financial services from the Personal and Corporate Banking business unit.
With a 160-year track record of operational excellence and value, Standard Bank Group is always dedicated to utilizing its knowledge of African markets and people to promote sustainable economic growth throughout the continent while achieving its goal of completely transforming its operations by 2025 in order to better serve its customers' expanding needs.
Industry: Banking
Founded: 15 October 1862
Headquarters: Standard Bank Centre, Johannesburg, South Africa
